Volga | Industry, manufacturing

Tatarstan VC Fund and Vnesheconombank to fund $1.5bn chemical plant

20 Oct '08
Tatarstan-based chemical company Ammony is to build a $1.5bn chemical plant in the town of Mendeleevsk, the Republic of Tatarstan, regional officials report.

The project is being financed by the Tatarstan Venture Capital Fund and Vnesheconombank, officials say.

Under plans, the plant is to be built on the existing premises of the company's Mendeleevskazot subsidiary.

Projected annual capacity at the plant is 455,000 tons of ammonia, 238,000 tons of methanol and 717,500 tons of granulated carbamide.

Japanese giant Mitsubishi Heavy Industries has been named as a contractor for the project, while gas and water were to be supplied by local Gazprom subsidiary Tatgazinvest, officials added.

Construction is scheduled to last 36 months, with the plant set to be put into commission in Q1 2012.
Publish in Twitter
Write to Facebook
Google Buzz
Write to LiveJournal
Show in MM
Share MK
Find Related Content

Tags: ammonia (9) / Japan (70) / carbamide (7) / Gazprom (359) / Ammony (2) / Mitsubishi (16) / Vnesheconombank (139) / methanol (12) / Tatgazinvest (0) / Tatarstan Venture Capital Fund (0) /

Latest News: Volga
7 Jun '22 | Technology & innovation | Industry, manufacturing
18 May '22 | Technology & innovation

Feature stories

25 May '22
From enhancing the properties of existing materials...
29 Apr '22
Scientists in St. Petersburg have come up with a new...
2 Mar '22
Scientists in Dubna have developed what they refer to...
Search (News archive - 22990)
Technology Scouting Solutions For Industry
Marchmont News

Latest News

27 Jun '22
Siberian scientists have developed new hybrid...
24 Jun '22
A new device, developed by a Russian start-up and...
22 Jun '22
Russian researchers have come up with a new Si...

Most read stories from last week

27 Jun '22
Siberian scientists have developed new hybrid...